Thursday, April 30, 2009


20090430 1522. The 60 min bullish divergence, identified yesterday has led to this breathtaking rally on the FKLI futures.


20090430 1220. Waiting for the right setup on the 2 min provided a short signal at 986. Patience can be a virtue.


20090430 1005. The hourly bullish divergence plays out on FKLI futures. In trading one cannot have stubborn mindset (eg short all the way etc)

Wednesday, April 29, 2009



20090429 1245. A look at the weekly and daily FKLI futures chart.... Not much technical damage done on the weekly chart, is what we can see....



20090429 1200. 60 min bullish divergence meant that shorting value is not as lucrative, might be time to cover.

Tuesday, April 28, 2009


20090428 Focussing on the 60 min so far this week....

Monday, April 27, 2009



20090417 1201. FKLI futures continues downwards as the divergence takes effect....




20090427 1046. Chart in focus today is the 60 min FKLI futures, divergence rules.

Friday, April 24, 2009

Bull run in stocks_a selection of 60 min charts







List includes: Maybank, Genting, MCSB, Airport, Axiata. Oh ya, not to forget the FKLI futures.

Meantime some reading from Salvatore:
post 1
Post 2
Oh, and keep your eyes on the hard facts and not the soft ones in the pictures.

My own notable post...


20090424 1245. FKLI futures, 2 min. A nice topping formation (like a H&S reversal)


20090424 1100. In the bullish market environment, buy signals seem to have easier route up with more folowthrough than sells.


4
20090424 1010 We identified a shortable pattern on the 2 min FKLI futures chart today and had a nice little trade down...

Thursday, April 23, 2009


20090423 To me, the stock driving the index is Genting Bhd. It has now punched through the 200 ema, having been the first to touch the mov avg way ahead of the index....


20090423 1653. FKLI futures rally in the afternoon, stay on the right side of the ema and we were ok...


20090423 1127. Shorts were indicated at 972-3 on FKLI futures 2 min chart.


20090423 0921. 2 min FKLI chart gapped up, only those with inside track of what they are going to do (goreng up) can buy heavily....

Wednesday, April 22, 2009


20090422 1535. 10min FKLI futures shows why for short term traders, one would not want to be a ubyer....


20090422 1512. FKI futures hit a low of 965...


20090421 Many people wrote off the stock markets as an avenue to make money early in 2009. Well, Genting Bhd provided an outperformance (for a blue chip stock) vs the index. We did identify it as a buy earlier on.


20090421 1218. The markdown in cash index during the closing auction for stocks, created the impetus for the short to work out... This game is a game of cunning...sorry, conning.


20090422 1115. 2 min chart sell signal @976. Will it go down further?

Tuesday, April 21, 2009


20090421 1621. Without much movement, we square out of the position for a scratch.


20090421 1548 2 min signal to short @968.50.

Monday, April 20, 2009

20090420 2323. At this moment in time, the Down Jones is down 3%..... usually the 7th week of any rise (or fall) is the time when caution prevails.


20090420 1521. 2 min FKLI futures for the afternoon session, no indication for shorts, in fact is long from the open.


20090420 0911. Sell signal on 2 min came in @955.

Sunday, April 19, 2009


20090419 KLCI cash daily chart.... Not much of divergence on RSI 14 is what I see. Axiata rights cease trading on Tuesday. Will it be like Maybank last week? Unlike Maybank it has not been pummeled down by the bankrupt investment banks and institutions, wh(mostly from the USA, eg Merrill, Citigroup) o were 'forced to sell everything' because they no longer had any capital left.

Friday, April 17, 2009

Well, it as the easier trade to put on, that is to buy Malayan Banking Bhd's mother share one or two days before the rights entitlement stopped trading. And on a particular day the price sold off to 3.92 to provide a better entry. High of 4.40s was reached after a few days. Touche...

1741 FCPO traded 10241 contracts in Jly 09 contract. I look at the price action and market depth and think to myself, "this is truly a unique market". They can churn the volume so fast without any depth in bid ask queue, trade size intraday, surely will get caught. Seems they use some magic, Jun July spread to move the outright market... I was told.

1727 FCPO reaches 2341.

20090417 1703. Yes and no, can go a few points only..... CPO bull seems intact.


20090417 1638. CPO very bullish today, will this short when 2420 comes work i wonder?

20090417 1625. Friday afternoon, seems that "nobody home", I think most have packed up trading for the weekend.... Anyway will post a chart of the FKLI futures later.


20090417 1542. Trend down on 2 min (for now), big buyers just now @58-59, then very quickly sold down to 56, must be local job.


20090417 1229. 2 min FKLI futures, H&S reversal with trigger price to short @ 960.


20090417 0851. FKLI futures gaps up. The 2 min pattern ruled in the end, despite the last second manipulation down to 952 closing last night.

Thursday, April 16, 2009


20090416 1715. FKLI futures closed only a few ticks off lows at 952. Tomorrow, the 50% and 68% retracement levels will be interesting for the market....


20090416 1122. Hits low 958.5 now showing buy on fkli futures 965, but pass on this one.


20090416 1013. Shorts came in at 966.


20090416 0940. 2 min chart FKLI futures, the only breakout was the second attempt at 970.

Wednesday, April 15, 2009


20090415 1600. Malayan Banking Bhd surges on the 4 hour chart.... after going ex rights catches up as a laggard stock.


20090415 1547. A nice short @2520 on CPO futures.... 2 min chart.


20090415 0934. 2 min FKLI chart, indicated sell at 942 area.....

Tuesday, April 14, 2009


20090413 1644 Coming into the end of the day we can see the 2 min chart keeps one on the right side of a trending market for the FKLI futures.


20090414 Snapshot of 15 min FKLI futures (wolffe wave) taken at 1138am.


"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil

fcpo.blogspot.com

THE END OF AN ERA

From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system